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a bit of interset in uk, page-20

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    re: a bit of interset in uk/pre tendering. That is actually a PRE tendering annmnt Scarva.

    We still have no confirmation of finance yet so its difficult to see any type of work happening until this happens.

    Projects in Pre-Tendering Phase
    Subject $ 80 million Egyptian Australian joint venture formed to exploit $ 1.3 billion confirmed reserves of tantalum minerals in the Eastern Desert.

    Date Published Tuesday, January 18, 2005
    Source Name Al-Akhbar
    Location Name Red Sea
    Description
    Date Format: Under attendance of Egypt Minister of Petroleum & Mineral Wealth, contract was signed for the establishment of a 50/ 50 $ 80 million Egyptian Australian venture to exploit $ 1.3 billion confirmed reserves of tantalum minerals in the Eastern Desert among others, deemed a scarce mineral worldwide. An American/ Japanese consortium has confirmed its intentions to import all the company output for 5 years as of July 2006, the projected date for production start.

    Like I say rabbits in the hat.

    d.
 
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